Introduction
Purchase requisitions are issued with the goal of procuring Items or services from suppliers. Requisitions are created by users for items or services that need to be purchased.The requisitions are forwarded to the appropriate departmental positions for approval. The ‘Approval’ action on the requisition will be performed by the requisition’s authorizing authority.The Purchasing department’s Super User will assess the workload of the “Buyer” and the requisitions under consideration. He will assign the suitable buyer to requisitions if the requester has not supplied a buyer name.Once the requisition is approved with appropriate buyer name, this will be available to the concerned buyers in the ‘Auto-create Find’ form for creating RFQ / P.O.
There are two types of requisitions created in Oracle Application:-
Purchase Requisition:-
A purchase requisition is a document used to request materials or services from vendors.
Internal Requisition:-
Materials are transferred from one inventory to another within the same operating unit or between operating units.
Contents
PO Internal Requisition process step by step
Purchase Requisition guide step by step
